Sun TV Network Ltd (SUNTV)
🎯 Key Takeaways
- Sun TV Network Ltd is a mature, debt-free media company with strong profitability and consistent shareholder returns, operating in a stable but low-growth segment of regional entertainment. Despite flat promoter holding at 75%, it maintains institutional interest, though foreign exchange headwinds and margin pressure are weighing on recent profitability.
- Revenue grew 65.2% QoQ to ₹1,458 in Q1FY27.
- ⚠️ Foreign exchange volatility continues to impact earnings, as highlighted in the annual report with a significant drop in foreign exchange earnings to
📖 The Story
Sun TV Network Ltd is a mature, debt-free media company with strong profitability and consistent shareholder returns, operating in a stable but low-growth segment of regional entertainment. Despite flat promoter holding at 75%, it maintains institutional interest, though foreign exchange headwinds and margin pressure are weighing on recent profitability. The company is navigating a transition in digital media demand while sustaining high capital returns.
📰 What's Happening
In Q1 June 2026, Sun TV reported a 13% YoY revenue increase to ₹1,423.39 crores and a 16% rise in profit after tax to ₹611.97 crores, driven by operational improvements. The Board approved an interim dividend of ₹5 per share (100% payout), reflecting confidence in cash generation. The company also filed its BRSR report for FY 2025-26, underscoring its ESG compliance and structured sustainability framework. Management highlighted growth in digital media and regional content demand as long-term tailwinds, though no specific financial targets were provided. The annual report noted a decline in net profit and EPS year-on-year, with foreign exchange earnings falling to ₹226.68 crores.
Source: Stock Announcements
📊 Quarterly Results (₹ Cr)
| Metric | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|
| Revenue | 1,300 | 862 | 883 | 1,458 |
| Operating Profit | 381 | 306 | 293 | 640 |
| OPM % | 29.3% | 35.5% | 33.2% | 43.9% |
| Net Profit | 355 | 324 | 232 | 619 |
| EPS | ₹9.00 | ₹8.23 | ₹5.90 | ₹15.71 |
Profitability remains robust with a 30% net margin, but margins are under pressure as seen in the sequential decline in operating profit margin from 35.5% in December 2025 to 43.9% in June 2026, despite revenue growth. Net profit fell to ₹1,393.52 crores in FY26 from ₹1,654.46 crores in FY25, and EPS declined to ₹35.36 from ₹41.98, indicating earnings pressure. However, the latest quarter shows improvement in absolute profits and margins, suggesting stabilization after a challenging period. The debt-free balance sheet and consistent cash flow support ongoing capital returns.
🔮 Management Outlook & What's Next
Management expressed confidence in the growth potential of India's digital media sector and rising demand for regional content, as stated in the Chairman's report accompanying the 2025-26 Annual Report. However, no specific financial guidance or growth targets were provided. The focus remains on operational resilience, ESG compliance, and shareholder returns, with an emphasis on sustainable expansion rather than aggressive investment or diversification.
Extracted from official company announcements. Not StockFin.ai's opinion.
🏦 Balance Sheet (₹ Cr)
| Item | Mar 2025 | Mar 2025 | Mar 2026 | Mar 2026 |
|---|---|---|---|---|
| Equity Capital | 197 | 197 | 197 | 197 |
| Reserves | 11,110 | 11,450 | 12,150 | 12,446 |
| Borrowings | 128 | 0 | 146 | 106 |
| Total Liabilities | 12,158 | 12,636 | 13,413 | 13,841 |
| Fixed Assets | 931 | 1,873 | 863 | 825 |
| Investments | 8,072 | 8,328 | 7,772 | 7,821 |
| Total Assets | 12,158 | 12,636 | 13,413 | 13,841 |
The balance sheet remains exceptionally strong, with shareholder funds at ₹12,319.10 crores and zero long-term borrowings as of March 2026. Equity and reserves have grown steadily, supporting a conservative capital structure. This financial discipline enables the company to maintain high dividend payouts and respond to market opportunities without leverage-related constraints.
💰 Cash Flow Statement (₹ Cr)
| Item | Mar 2025 |
|---|---|
| Operating | +1,663 |
| Investing | -1,066 |
| Financing | -618 |
| Net Cash Flow | -19 |
👥 Shareholding Pattern
| Category | Q2FY26 | Q3FY26 | Q4FY26 | Q1FY27 |
|---|---|---|---|---|
| Promoters | 75.0% | 75.0% | 75.0% | 75.0% |
| FII | 6.7% | 6.5% | 6.6% | 5.8% |
| DII | 10.2% | 10.6% | 10.9% | 11.3% |
| Public | 6.8% | 6.6% | 6.4% | 6.6% |
| # Shareholders | 1,07,496 | 1,02,067 | 94,106 | 97,091 |
Promoter holding remains stable at 75%, indicating long-term control and confidence. Foreign institutional ownership (FII) has fluctuated slightly, peaking at 6.71% in Q2FY26 and declining to 5.8% in Q1FY27, while Domestic Institutional Investors (DII) increased from 10.19% to 11.3%. The number of public shareholders has declined slightly, but the stock is widely held with over 97,000 shareholders, suggesting retail resilience.
⚖️ Peer Comparison — Entertainment
| Company | MCap (₹ Cr) | P/E | ROCE | ROE | D/E |
|---|---|---|---|---|---|
| SUNTV | 18,697 | 12.2 | 17.8% | 13.1% | 0.00 |
| PVRINOX | 11,992 | 27.0 | 12.5% | 6.3% | 0.21 |
| ZEEL | 9,754 | 47.9 | 1.7% | 1.7% | 0.02 |
| SAREGAMA | 9,497 | 42.8 | 19.6% | 14.0% | 0.00 |
| TIPSMUSIC | 8,283 | 167.4 | 3.4% | 1.5% | 0.00 |
| WONDERLA | 3,411 | 33.4 | 7.3% | 5.7% | 0.00 |
| IMAGICAA | 3,287 | 232.3 | 3.5% | 1.1% | 0.14 |
| MMWL | 1,689 | 298.2 | 9.9% | 9.2% | 1.57 |
| DEN | 1,352 | 9.1 | 5.3% | 4.0% | 0.00 |
| PANORAMA | 1,204 | 50.2 | 15.3% | 10.2% | 0.41 |
⚠️ Risk Factors
1. Foreign exchange volatility continues to impact earnings, as highlighted in the annual report with a significant drop in foreign exchange earnings to ₹226.68 crores. 2. Margin pressure persists despite revenue growth, with operating profit margins under strain in recent quarters. 3. No clear roadmap for digital transformation or revenue diversification beyond vague references to regional content demand, raising concerns about growth sustainability. 4. Declining EPS and net profit year-on-year suggest earnings compression in a mature industry context.
📋 Recent Filings
-
🟡 sustainability report 27 August 2026Sun TV Network Limited submitted its Business Responsibility and Sustainability Report for FY 2025-26, detailing ESG disclosures across environmental,...
-
🔴 annual report 27 August 2026Sun TV Network Limited's 2025-26 Annual Report shows revenue of **₹4,637.70 crores**, net profit of **₹1,393.52 crores**, EPS of **₹35.36**, and a 250...
-
🟡 Board Meeting 27 August 2026No summary available
-
🔴 Corporate Action 12 August 2026Sun TV Network Limited announced an interim dividend of Rs 5 per share (100% of face value) for FY2026-27, approved alongside unaudited standalone and...
-
🟡 Board Meeting 12 August 2026Sun TV Network announced its Q1 FY27 unaudited standalone and consolidated financial results for June 30, 2026, showing revenue growth and an interim ...
-
🔴 Corporate Action 7 August 2026Sun TV Network Limited announced an interim dividend for FY 2026-27 with a record date of August 18, 2026, contingent on board approval on August 12, ...
-
🟡 Board Meeting 22 July 2026Sun TV Network announced its wholly owned subsidiary SunRisers Leeds Limited will issue a bonus of 99,999 new shares to the parent company, increasing...
-
Financial Results 29 June 2026Sun TV Network Limited announced that its trading window will close on July 1, 2026, and remain closed until 48 hours after the unaudited quarterly re...
-
🔴 Announcement 12 June 2026No summary available
-
🟡 Board Meeting 21 May 2026The Board approved audited standalone and consolidated financial results for the year ended March 31, 2026, showing total income of **₹4,637.70 crores...
🧠 Analyst's Read
Sun TV Network remains a cash-generative, debt-free media player with strong governance and shareholder-friendly policies, but its near-term outlook is constrained by macroeconomic headwinds and lack of clear digital growth catalysts. Investors should monitor margin recovery, foreign exchange trends, and management’s ability to monetize digital opportunities in regional media.
Based on filing content and financial data. Not a recommendation.
Read the full analysis
Quarterly trends, balance sheet, cash flow, peer comparison, and AI insights — sign up free to unlock.
Sign Up Free — Unlock Full Analysis2 free AI queries per day.
Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-09-01.
Editorial & Data Transparency Notice
This analysis was programmatically compiled using StockFin AI utilizing official regulatory disclosures from the BSE and NSE. Content is automatically synthesized and audited against public financial filings. StockFin.ai is an educational research platform and is NOT a SEBI-registered investment advisor or research analyst.
📡 Get AI alerts when SUNTV files new disclosures
Track SUNTV filings, board meetings, and corporate actions. Free email alerts at 5 PM.
Track SUNTV — FreeFree account · 2 AI queries/day
© 2026 StockFin.ai — AI-powered Indian stock research
About · Privacy Policy · Terms of Service · Pricing
Today's Announcements · Screener · Insights · AI Chat
Data provided by CMOTS Internet Technologies Pvt Ltd